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Nalezeno "Bankruptcy": 1399

Judge Allows Bankrupt FTX to Sell Its Crypto Holdings, Including BTC and SOL

13.9.2023
Crypto exchange FTX can sell and invest its crypto holdings to pay back creditors, a judge in the U.S. Bankruptcy Court for the District of Delaware ruled Wednesday

Surprisingly Few U.S. Customers Want Their Bittrex Money Back

13.9.2023
The U.S. Secret Service kept millions on the exchange, company lawyers told a bankruptcy court – but other creditors have been strangely reluctant to ask for their funds back

Gemini Earn users could recover all funds in new DCG remuneration scheme

13.9.2023
DCG suggests a new deal in Genesis bankruptcy, offering unsecured creditors 70%–90% baseline recovery; if approved, it would involve the renegotiation of a $630-million loan between Genesis and DCG

Beleaguered Gemini Earn Customers Will Be Made ‘Nearly Whole,’ DCG and Genesis Say About Remuneration Plan

13.9.2023
A filing on Tuesday states that if the assorted creditor groups vote through the proposed deal, then “Gemini Earn users are estimated to recover approximately 95-110% of their claims.”

FTX Tweaks Crypto Sale Proposal to Placate U.S. Government

13.9.2023
The bankrupt crypto exchange wants to sell off its billions of dollars in crypto before returning funds to creditors – but doesn’t want markets forewarned

Bitcoin derivatives data suggests BTC price holds the current range

12.9.2023
BTC investor sentiment turns increasingly bullish after this week’s quick rebound from a sharp price correction

Former Celsius CEO Mashinsky seeks dismissal of FTC case

12.9.2023
Former Celsius CEO is currently out on bail facing multiple charges of criminal fraud and market manipulation from various U.S regulatory agencies

FTX Estate Controls $1.1B in Solana and $560M in Bitcoin Amid Bankruptcy Revelations

11.9.2023
The FTX estate, currently overseeing the bankruptcy and restructuring of the once-active crypto exchange, reveals holdings of $1.16 billion in solana (SOL) and $560 million in bitcoin (BTC). 16% of Solana’s Market Cap Is Held by FTX In a recent Monday court filing, a stakeholder update...

FTX has $222M in Bahamas real estate, 1,300 tokens: shareholder presentation

11.9.2023
Ten percent of shareholder claims have been settled so far. They will be able to assess the condition of the company at a meeting that runs Sept. 11-12

FTX Holds $1.16B in SOL, $200M in Bahamas Real Estate, Court Filing Says

11.9.2023
The company says it paid billions to executives including founder Sam Bankman-Fried before filing for bankruptcy last year

FTX Estate Sues Layerzero Labs for $85M Over Alleged Fraudulent Deals and Asset Withdrawals Amidst Collapse

11.9.2023
The bankrupt estate of cryptocurrency exchange FTX is suing blockchain company Layerzero Labs in an attempt to claw back a $45 million deal and over $40 million in withdrawals made in the days before FTX filed for bankruptcy. The lawsuit alleges that Layerzero exploited FTX’s financial...

Anchorage Digital CEO Highlights 'Widespread' Self-Custody Risks After Prime Trust Bankruptcy

11.9.2023
The collapse of crypto custodian Prime Trust in recent months has underscored the inherent risks of self-custody within the cryptocurrency industry, according to Diogo Monica, CEO of San Francisco-based crypto bank Anchorage Digital. Speaking in an interview with crypto news outlet Decrypt, Monica...

Steve Kokinos, Creditors Named to Run Celsius 2.0

11.9.2023
Executives from WeWork, Lehman Brothers, US Bitcoin, and Arrington Capital will serve on the board of the crypto lender’s successor, as will two members of Celsius’ own creditor committee

FTX seeks to reverse payments made to Shaq, Naomi Osaka and Miami Heat

11.9.2023
FTX laid out the millions it paid to the likes of Shaquille O’Neal, Naomi Osaka and other high-profile people it’s looking to get back

FTX sues LayerZero Labs, seeks to recover over $21M moved prior to bankruptcy

10.9.2023
FTX is seeking the cancellation of agreements made days before it collapsed, as well as the return of millions transferred to LayerZero Labs and its affiliates

FTX Looking to Recover Millions Paid to Athletes and Sports Clubs

10.9.2023
Advisers working for FTX have analyzed if some payments made by the failed crypto exchange to sports stars and organizations can be returned. The money went to celebrity athletes, including basketball legend Shaquille O’Neal, and sports teams like the NBA’s Miami Heat and Formula 1’s Mercedes under...

Failed Crypto Lender Celsius Attempts to Recoup Assets From EquitiesFirst Holdings

7.9.2023
Beleaguered crypto lending firm Celsius Network, that went bankrupt in July 2022, has filed an “adversary complaint” against private lending platform EquitiesFirst, in an attempt to recover assets. The complaint was filed in a sealed bankruptcy document on Sept. 6, seeking injunctive relief and...